Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), the first privatized airport group in Mexico and operator of Cancun Airport and eight other airports in southeast Mexico, as well as a JV partner in Aerostar Airport Holdings, LLC, operator of the Luis MuÃ±oz MarÃn International Airport in San Juan, has announced its subsidiary Aeropuerto de Cancun S.A de C.V. has concluded the acquisition of a controlling stake of approximately 92.42% in Sociedad Operadora de Aeropuertos de Centro Norte, S.A. (“Airplan”), the company said.
Airplan is the second-largest airport concession holder in Colombia, with 10,361,612 passengers in 2016 and 5,157,800 passengers in the period from January to June 2017. This acquisition is an important strategic addition that allows ASUR to enter the South American market by offering airport services through six airports in Colombia.
The acquisition of Airplan is considered a corporate restructuring in accordance with article 104, section IV of the Securities Market Law, article 35 and Appendix P of the General Provisions Applicable to Securities Issuers and Other Participants in the Stock Market published by the Mexican National Banking and Securities Commission (as amended from time to time, the “CNBV Regulations”).
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico, as well as a 60% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis MuÃ±oz MarÃn International Airport in San Juan, Puerto Rico. The company is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the US, where it trades under the symbol ASR. One ADS represents ten (10) series B shares. For more information, visit www.asur.com.mx